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New housing scheme will benefit first-time buyers

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By Ted Healy of DNG TED HEALY

This week Housing Minister Darragh O'Brien announced a new landmark affordable housing scheme which will benefit thousands of middle income home buyers.

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The First Home Shared Equity Scheme, set to be rolled out from early July with €400m funding from the Government, is designed to bridge the gap for those whose income is too low to get them a big enough mortgage to buy their first home.

The three main banks have signed up to the scheme which will see the State providing an interest-free stake of up to 30 percent in the home.

It is expected to cover the purchase of eight thousand new homes over the next four years.

Under the scheme, the purchase of new-build homes is to be jointly funded by the State and participating mortgage lenders.

AIB, Bank of Ireland and Permanent TSB are on board with the scheme, and other lenders are expected to sign up.

The flagship First Homes Scheme in the Government’s 'Housing For All' strategy, will have no income limits for those who apply for it.

However, there are limits on the value of properties that will qualify for the scheme in each local authority area. The limits will be based on the median value for a new home in the area.

The new scheme is set to be welcomed by those who are earning too much to qualify for social housing, but too little to qualify for a mortgage in a property market where values are back close to Celtic Tiger peaks.
It will help bridge the gap between the finance they have and the finance they need to purchase their first home. It will make a difference quickly.

As an example, a couple with an income of €70,000, who want to buy a €320,000 new home, will put up a 10 percent deposit, the most they can borrow is €277,000. This leaves a gap of €43,000.

First Home would provide this amount as equity, with no interest for the first five years.
This couple could also benefit from the State’s Help-To-Buy scheme, which usually provides tax relief of up to 20 percent of the property’s value.

The scheme will apply to first-time buyers, but also to divorced people and those who have been made bankrupt.

Further details of the scheme are available on www.gov.ie.

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Tourism Ireland CEO Outlines Global Strategy at KTIF Tourism Day

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The CEO of Tourism Ireland, Alice Mansergh, was in Killarney on Tuesday of this week to address tourism leaders from across the county at the Kerry Tourism Industry Federation (KTIF) Tourism Day 2026.

The event, held at The Brehon Hotel & Spa, brought together a broad range of representatives from Kerry’s business community, including accommodation providers, visitor attractions, and transport services.


As a membership organisation representing tourism operators throughout the county, KTIF provides a unified voice for the sector.

During her address, Ms Mansergh outlined overseas market performance and emerging travel trends, focusing specifically on how Kerry can capitalise on international opportunities.


The morning featured a diverse line-up of speakers, including Kerry County Council Chief Executive Fearghal Reidy, who spoke on infrastructure and sustainable growth, and Miriam Kennedy, Head of the Wild Atlantic Way at Fáilte Ireland.

Technology and the economy were also central themes, with RDI Hub CEO Fergal Brosnan discussing AI and digital transformation, while global financial expert Mike O’Sullivan provided insights into international economic conditions.

Writer and publican Billy Keane also addressed the gathering, highlighting the cultural role of the Irish pub in the visitor experience.


KTIF Chairperson Pat O’Leary said the diversity of speakers reflects the interconnected nature of the industry: “Tourism in Kerry is not one single sector — it is a network of businesses and communities working together. From international marketing and economic forecasting to innovation and the unique role of our publicans, today’s discussions highlight how every element contributes to the strength of our tourism product. With representation from all regions, chambers and businesses of every scale in the county, KTIF ensures that the voice is unified and influential.”


The discussions focused on sustainability and community resilience, with significant attention given to upcoming international opportunities like the Ryder Cup 2027.

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Kerry Stars honours the Late Vincent Lacke with Memorial Tournament

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The second annual Vincent Lacke Memorial Soccer Tournament took place on Sunday at the Killarney Sports and Leisure Centre.

Organised by the Kerry Stars Special Olympics Sports Club, the event celebrated the life of the “gentle giant” whose presence is still deeply missed by his clubmates and friends.
Vincent’s sister, Mary Lyne, and her husband Mikey were in attendance to witness the competition.


While the Mallow teams ultimately claimed both perpetual trophies, the day focused on participation and sportsmanship, with every athlete receiving a medal for their efforts.
The medals and trophies were presented by Brendan, manager of Tesco Deerpark, where Vincent was a highly regarded staff member for over 20 years.

Several of his former Tesco colleagues also gave up their Sunday to volunteer at the event.
Club officials expressed their sincere gratitude to the Order of Malta and the staff at Aura for their assistance, as well as the volunteers who managed the refereeing and logistics.

Plans are already in motion for next year’s tournament, with more of Vincent’s family expected to travel from the USA to attend.

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